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Slovenia
Cryptocurrency information about Slovenia
How many crypto owners in Slovenia?
It is estimated that over 50 thousand people, 2.45% of Slovenia’s total population, currently own cryptocurrency.(1)
What is the nature of Crypto like in Slovenia?
The awareness of blockchain technology among the citizens of Slovenia is relatively high. Most of the Slovenes have heard about bitcoin and several other cryptocurrencies. They utilize blockchain-based products available to them on numerous locations for several different purposes (e.g. spending, storage, exchange and trading of bitcoin, litecoin, ether and many other popular cryptocurrencies). But Slovenes are also aware of other use cases of blockchain technology, and they will soon have an opportunity to use it. Therefore, Slovenia should be on the radar of investors and business developers interested in these emerging technologies and their corresponding commercial opportunities.
In recent times, Slovenia has projected itself as a hotspot for blockchain and cryptocurrency-related activities. Today, Slovenia, which has an estimated population of 2 million, contains more physical locations accepting cryptocurrency payments than the entire United States. According to credible sources, more than 1,000 locations in the country now allow cryptocurrency payments, including cafes, restaurants, dentists, hair salons, and hotels. At the beginning of 2019, Slovenia was also the only country in the world where you could survive solely of cryptocurrencies.(2)
Crypto’s rising popularity in Slovenia
- Sloveniatimes: Cryptocurrency Tax in Slovenia – April 2021
Currently, Slovenia treats cryptocurrencies as virtual currencies, meaning that, according to the Slovenian Act on Payment Services and Systems, they are neither financial instruments nor monetary assets. In order to meet the latest requirements for fiscal transparency, Slovenia has updated its Anti-Money Laundering Act with explicit reference to cryptocurrencies. The law defines all cryptocurrency exchanges and dealers engaged in the cryptocurrency trade as financial institutions for money laundering purposes. Those entities are therefore required to comply with the transparency rules and compliance procedures applicable to financial institutions. - Bitcoin.com: Crypto Adoption Soars in Slovenia – August 2018
The number of locations accepting cryptocurrencies through the Gocrypto payment system has surpassed 1,000, Gocrypto announced last week. These locations include cafés, restaurants, taxis, mechanics, dentists, hair salons, hotels, and sports facilities. Among them are major retailers, such as the Tuš supermarkets, Slovenia’s biggest electronic seller Big Bang, Atlantis Water Park, and Burger King Slovenia. Noting that “you can just use your crypto wallet when getting around your daily life,” Gocrypto remarked. - Coindesk: A ‘Crypto Shopping Mall’ Is Being Tested in Slovenia – June 2018
BTC City Ljubljana, located in Slovenia’s capital of Ljubljana, will allow a group of 150 people to use cryptocurrencies at 24 businesses located in the sprawling complex, which according to online materials boasts over 500 storefronts. Those include services for clothing and electronics as well as restaurants, Slovenian TV channel “24 Ur” reported on Monday. Despite the seemingly relevant name, there’s no relationship between bitcoin and the popular shopping complex, which has been called one of Europe’s largest. It first opened in the 1950s before being renamed as the Blagovno Transportni Center – or BTC – Ljubljana.
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